Bloomberg: Tether is seeking to boost its valuation to $500 billion, becoming one of the world's most highly valued private companies

BlockBeats News, March 13th, according to Bloomberg, Tether CEO Paolo Ardoino has now identified the United States as the core of its expansion plan and has gained support from allies of the Trump administration, including Commerce Secretary and long-time Tether supporter, banker Howard Lutnick, whose family firm has also invested in Tether. Tether launched a new token in the U.S. market in January this year and has intensified its lobbying efforts in Washington. At the same time, Tether is attracting investors globally, aiming to establish the company's valuation at $5 trillion, making it one of the world's most highly valued private companies.

Tether CEO Paolo Ardoino stated that the company plans to complete a full audit by the end of 2026 and is currently in talks with the Big Four accounting firms. Tether disclosed a profit of over $10 billion last year, currently holding around $122 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. Treasury bonds globally. Furthermore, Tether is promoting its compliant token, USAT, in the U.S. market and has made over 140 investments in fields such as artificial intelligence, energy, and brain-machine interfaces.